General Economics

If the demand for a good is inelastic, an increase in its price will cause the total expenditure of the consumers of the good to:

• Increase

• Decrease

• Remain the same

• Become zero

The cost of one thing in terms of the alternative given up is called:

• Real cost

• Production cost

• Physical cost

• opportunity cost

The combining of human, natural, capital, and entrepreneurship resources to make goods or provide services

• consumption

• production

• distribution

• resources

WHO IS THE FATHER OF ECONOMICS ?

• ALFRED MARSHELL

• LIONEL ROBINS

• ADAM SMITH

• J.M KEYNES

Which one is the tertiary sector?

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Rajput style of painting is called ________________________

Which fruit do you like?

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Sesimology is the study of ______________

Turkeys often sleep in trees during the night

• True
• False

What type of map is this?

• Population 
• Physical
• Political
• Climate